Which of the Following Describes the Macroeconomic Policies of the Eight

question 11

Multiple Choice

Which of the following describes the macroeconomic policies of the eight states that drove the East Asian Miracle?

• A) The policies involved high fiscal deficits, high inflation, and low savings.
• B) The policies involved low fiscal deficits, low inflation, and high savings.
• C) The policies involved high fiscal deficits, low inflation, and high savings.
• D) The policies involved low fiscal deficits, high inflation, and low savings.